European Investor
25 Jun 2026, 20:18
Commercial Metals Company (NYSE: CMC) gained 4% after reporting strong fiscal third-quarter results, driven by expanding margins, robust construction demand, and significant earnings growth across its businesses.
The steel producer posted net earnings of $173 million, or $1.55 per share, while adjusted earnings rose to $1.73 per share. Core EBITDA surged nearly 79% year-over-year to $353.6 million, with EBITDA margin expanding 440 basis points to 14.2%, reflecting stronger steel margins, contributions from recent precast acquisitions, and continued benefits from the company's Transform, Advance, Grow (TAG) initiatives.
Management highlighted solid demand from infrastructure projects, data centers, semiconductor facilities, and energy-related construction, supporting strong order books and healthy backlogs. The company also continued to strengthen its balance sheet, reducing leverage while returning capital to shareholders through dividends and share repurchases.
Looking ahead, CMC expects fourth-quarter EBITDA to increase sequentially, supported by favorable market conditions, improving steel margins, and continued momentum in its Construction Solutions business. The upbeat outlook and strong profitability helped lift investor confidence, sending the shares higher.
The steel producer posted net earnings of $173 million, or $1.55 per share, while adjusted earnings rose to $1.73 per share. Core EBITDA surged nearly 79% year-over-year to $353.6 million, with EBITDA margin expanding 440 basis points to 14.2%, reflecting stronger steel margins, contributions from recent precast acquisitions, and continued benefits from the company's Transform, Advance, Grow (TAG) initiatives.
Management highlighted solid demand from infrastructure projects, data centers, semiconductor facilities, and energy-related construction, supporting strong order books and healthy backlogs. The company also continued to strengthen its balance sheet, reducing leverage while returning capital to shareholders through dividends and share repurchases.
Looking ahead, CMC expects fourth-quarter EBITDA to increase sequentially, supported by favorable market conditions, improving steel margins, and continued momentum in its Construction Solutions business. The upbeat outlook and strong profitability helped lift investor confidence, sending the shares higher.
